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20121201
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time is up spent i thank the gentleman from new york. and 42 minutes. ms. moore is recognized for two minutes. >> thank you so much, chairman garrett and ranking member waters. i just want to lobby the sec nctc for the extraordinary work that both agencies have done to this point. it's a herculean task when you consider a point that ranking member waters has driven into the ground, and that is that you're not adequately funded to do the work that we've asked you to do on such a short timeframe. i am concerned about a couple things today that have already been mentioned, and i look forward to hearing from the regulators, the rulemaking process, particularly on h.r. 4235, which is to build and i authored, which removes the requirement that they be indemnified prior to sharing the data with other regulars, including foreign regulars. that sec has testified to the committee that it favors removal of indian education requirements to the sec commissioners have opined on this, and yet the cftc interim guidance on and unification is something that is not being, it raises grave concern among o
would your benefits cut by moore thank a quarter. -- by more than a quarter. unless we act, this is not a self-correcting problem. now, there are other things that we need do around social security such as raising the cap on the a income that's taxed. but those who say putting off questions about social security or medicare to some other day refuse to also recognize the reality that none of this self-corrects and that the sooner we start down the path on reform, the sooner that we can make sure the promise of these programs will last. but again, instead of worrying about the potential of a 25% cut for folks who are 46 years old in social security, they talk about the fact that, yes, that there may be some slight cutback in immediate benefits. not, though, 25%, not 3%, not 1%, but .3% decrease in the amount of increase each year. and even with that, there are ways, if we use this tool, to make it more fair and balanced. because we must make sure that we protect the most vulnerable in our society. i was part of a group -- and, again, the presiding officer, i believe, was supp
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